The Permanent Portfolio was proposed by Harry Browne in the book Fail Safe Investing. An excellent modern guide is The Permanent Portfolio: Harry Browne’s Long-Term Investment Strategy by Craig Rowland and J. M. Lawson.
Asset Allocation
Stocks
Bonds
- 25% Long Term
- 25% Tbills/Cash ¹
Real Assets
- 25% Gold
Notes
1) Short term bonds are a common substitute for cash for many Permanent Portfolio investors.
Performance
Change the domestic market to translate the portfolio to different home countries
